1、 Price trend
| Benzalkonium chloride |
According to the Commodity Market Analysis System of Shengyi Society, the aniline market saw a broad rise in June. On June 1st, the market price of aniline was 7225 yuan/ton, and on June 27th it was 8162 yuan/ton, an increase of 12.98% during the month and a decrease of 30.64% compared to the same period last year.
2、 Analysis and Review
The aniline market in June was mainly affected by costs and its own supply and demand. At the beginning of the month, the price of aniline fell to a low level, crude oil prices fluctuated and rose, and the raw material pure benzene market was boosted. The aniline market stopped falling and stabilized. In the middle of the month, due to the escalation of conflicts in the Middle East, geopolitical tensions have escalated, and concerns about oil supply disruptions have intensified. Crude oil prices have jumped, and raw material pure benzene has risen, driving up the price of aniline. At the end of the month, some factories underwent maintenance, resulting in a decrease in supply and a favorable supply-demand situation. As a result, the price of aniline continued to rise.
Pure benzene: In June, the pure benzene market followed the fluctuations of crude oil, and the overall price increased compared to the beginning of the month. On June 13th, tensions escalated in the Middle East, with oil prices reaching a two month high and pure benzene catching up significantly. On that day, the price of pure benzene rose by around 250-350 yuan/ton. On June 23rd, crude oil prices plummeted and pure benzene began to decline. On June 1st, the average price of pure benzene was 5735 yuan/ton, and on June 27th, the average price was 6007 yuan/ton, with a monthly increase of 4.75%.
3、 Future expectations
The current supply of aniline in the market is tight, and factory equipment has been shut down for a short period of time. Production will resume gradually next week, and the supply side will have all the good news. Due to the impact of crude oil, the price of pure benzene on the cost side has fallen. Based on cost and supply and demand pressures, it is expected that the price of aniline will be under downward pressure in the short term.